Listing ID: 71554
This south shore breakfast/lunch provides their customers with a warm welcoming environment, along with amazing American cuisines. The menu offers a variety of dishes like waffles, omelet’s, wraps, pastas, and more! They have become the surrounding towns and their town’s #1 breakfast restaurant. Ideal for a chef/owner or family business!
• Plymouth County
• Sales $545K +/_
• Seats: 49
• Sq. Ft. 1,200
• Rent: $3,629
• New lease available
• Asking: $239k w/owner financing
- Asking Price: $239,000
- Cash Flow: N/A
- Gross Revenue: $535,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2007
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,200
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
The venture was founded in 2007, making the business 15 years old.
The building is leased by the company for $3,629 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people decide to sell businesses. Nonetheless, the genuine reason and the one they say to you may be 2 entirely different things. As an example, they might say "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these might just be justifications to attempt to hide the reality of altering demographics, increased competition, recent decrease in revenues, or a range of other reasons. This is why it is very vital that you not depend entirely on a seller's word, however instead, make use of the seller's response together with your overall due diligence. This will repaint an extra sensible picture of the business's current scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Numerous operating businesses borrow money so as to cover points such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can indicate that earnings margins are too thin. Many businesses fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that have to be satisfied or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location bring in new clients? Often times, operating businesses have repeat customers, which create the core of their daily profits. Particular aspects such as brand-new competitors sprouting up around the area, roadway building, as well as personnel turn over can impact repeat clients and also negatively impact future revenues. One essential point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Certainly, the more people that see the business regularly, the higher the possibility to develop a returning customer base. A final idea is the basic area demographics. Is the business situated in a largely populated city, or is it located on the edge of town? Exactly how might the local average family earnings effect future income potential?